Get ready, this is gonna be a long one but I'm sure you'll find some good points and useful info here...
After browsing through the various reviews of the PS3 here, it has become apparent that a comparison to marmite would be fair. Love or Hate. But why? Well looking at the haters it seems the the problem is not infact the console, but infact a great deal of impatience and a lack of knowledge. Firstly many have said their PS3 is overheating and freezing, however these people have also mentioned that their consoles are imported...and there you have the answer. In Japan and America the mains voltage is around about a mere 100-127 Volts compared to the 240 volts of the british mains, add to that the the fact the PS3 sucks a massive 380 watts of power (almost twice as much as the 360) then you can see why there are overheating problems. The answer? Simply buy a 500 watt step down converter; I'm guessing the overheating complainers have failed to do this. Also bare in mind that the 360 also had overheating problems in its first few months; thankfully I waited.
Secondly, from a hell of a lot of hindsight, a consoles launch, in terms of games at least, is generally duff. At most a console has one and if your lucky maybe two good sometimes only decent games at launch. Giving up on a console so early on is ridiculous, especially one with so much promise as the PS3; Devil May Cry 4, Heavenly Sword, FFXIII, Killzone, MGS4 (and no it wont be available on 360, not for a good long while after the PS3 at least if ever) these are the types of games that will define the PS3. My point is a console can only really be judged towards the end of it life, not as soon as it hits the shelf; only now can we really pass fair judgement on the passing generation. Again bare in mind the 360 has seen a year on the shelfs and only now is it starting to see some defining titles, namely Gears of War. The Wii, to be fair, has probably had the best launch of the 3, this being down to the fact that Zelda and Wii Sports are TWO fantastically fun games in their own rights. However the Wii cannot be compared any further with the other two as to do so would simply not make sense; it would be like puting a strawberry in an apple variety contest between royal gala and granny smiths - all three are fruits but a strawberry is quite clearly not, in any other sense, comparible to an apple.
One thing that does annoy me to the point of leaving my unbias approach here is the 360's DVD Drive, an act of shortsightedness if ever I saw one. Many people moan that in buying a PS3 they are being forced into a format war they do not want to be a part of, saying that microsofts approach of giving you the choice (and thus cutting the cost) is far better. I do not agree. What people forget is the the Blu-Ray drive is not for movies alone but for games that require the superior space a Blu-Ray offers (25Gb single, 50Gb double). Think about that for a minute. A DVD holds around 9Gb on a dual layer, now think of GTA: San Andreas...now think of the potential of a superior console combined with an extra 41Gb of space and you get the picture; wether it be GTA4 (note: exclusive 360 content likely to be the stuff that wont fit on the disk) or any other game for that matter. Hold it a second you say, the 360 has an HD DVD add-on drive does it not? Correct, however microsoft has stated it is merely for high definition movies; thus either the problem remains of inferior data storage, or, microsoft haven't yet dropped the bomb that in the future you will require the HD DVD drive to play certain games (after watching a conference with Peter Molyneux, producer of Fable, and hearing what he plans to do with Fable 2 (it sounds unbelievable, lets hope he's not lying this time) I reckon we have the first potential HD DVD game for the 360). Anyway apart from that minor annoyance I haven't much to complain of the 360 so far, nor of the Wii and hopefully the same will apply to the PS3 if I manage to get my hands on one in March or at least when I do get my hands on one.
The main niggle I can see with the PS3 is the hefty price tag (of the 60Gb version at least), but what must be taken into cosideration is that a Blu-Ray player alone (movies only obviously) will cost around £1000 already making the PS3 sound like a steal. Furthermore however, when you think that to bring the 360 to similar spec as the PS3 it will cost you around £460 (£280 for the premium pack, £130 for the HD DVD Drive + £50 for the WiFi adapter) compared to the PS3's price of £425 - £480 (and thats with a 60Gb hard drive and a state of the art not yet on the shelves CPU (The Cell) and GPU (nVidia's RSX)) and you can see the PS3 is infact, if anything, quite cheap to be honest (remember sony makes a loss of around £120 on every PS3 sold at the moment, so we should be thankful!).
In my opinion I don't think there'll be any losers in this generation, especially and I mean especially, for us gamers. The Wii will most likely sell best for the next two years due to its low price (and it's genius controls), however after this initial period I'm sure we'll find (especially after a PS3 price cut) everything will more or less level off, which is probably the best result for everyone.
To finish all I will say is that give each console time and patience, try for yourself and look at the bigger picture before you love or hate...